Three-Story Brick
New
For Sale
$1,788,000
Pending
36-31 166th Street, Flushing, NY 11358
Two vacant apartments each offer three bedrooms, with additional rooms on the walk-in level.
Property Size3,280 SF
Lot Size0.06 Acres
Days on Market2
Property Features for 36-31 166th Street
General Information
Standard status
Pending
Size
3,280 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,232
Amenities
hardwood floors
private yard
Finished,Full
Hardwood
4
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Open Kitchen,Primary Bathroom
Finished, Full
Back Yard,Chain Link
Public
Attached, Garage, Off Street
3280
Building Details
Building Size
3,280 SF
Year Built
1975
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 3:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This semi-detached brick duplex was built in 1975 and contains 3,280 square feet on a 28-by-94.5-foot lot. The layout spans three floors and a finished basement, with two apartments configured for three bedrooms and 1.5 baths apiece. Three additional rooms occupy the walk-in level. Interior features include hardwood floors, and the property also has a private yard, an attached one-car garage, and a private driveway. Both apartments are vacant and ready for occupancy.
The property is in Flushing, near the Broadway LIRR Station, public transportation, and shopping.
The property is in Flushing, near the Broadway LIRR Station, public transportation, and shopping.
Key Highlights
- 3,280‑square‑foot brick duplex built in 1975
- Two apartments, each with 3 bedrooms and 1.5 baths
- Three floors plus a finished basement; three additional rooms on the walk‑in level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,178
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,560
$1.6M
Cap Rate 7%
$1,145,400
$1.1M
Cap Rate 9%
$890,867
$890.9K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$151.5K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$145.8K $44.44/SF
− OpEx
−$65.6K −$20.00/SF
NOI
$80.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,560
Cap Rate 7%
$1,145,400
Cap Rate 9%
$890,867
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,178 @ 7.0% cap · market cap 4.48%
Second Best
Multifamily LT 5
$775.6K
$678.6K – $904.8K
NOI $54,289 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,264 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments each offer three bedrooms, with additional rooms on the walk-in level.
Where is this duplex located?
The property is located at 36-31 166th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: 3,280‑square‑foot brick duplex built in 1975; Two apartments, each with 3 bedrooms and 1.5 baths; Three floors plus a finished basement; three additional rooms on the walk‑in level
